Laserfiche WebLink
of this Agreement or such earlier date as the parties hereto may agree upon (the "Closing Date"). <br />On the Closing.-Date, BUYER shall deliver the Purchase Price to SELLER. and SELLER shall <br />execute and/or deliver to BUYER the following (collectively, "SELLER'S Closing <br />Documents") : <br />a. A warranty deed, conveying the Property to BUYER, free and clear of all <br />liens, security interests, leases, restrictions, charges and encumbrances. <br />b. A Well Disclosure Statement as required by Minnesota state law. <br />c. If the Property. contains or contained a storage tank, an affidavit with <br />respect thereto, required by Minn. Stat. Section 116.48. <br />d. Anon-foreign affidavit, (FIRPTA affidavit) properly executed and in <br />recordable form, containing such information as is required by IRC <br />Section 1445(b) (2) and its regulations. <br />e. An appropriate Federal Income Tax reporting form, if any is required. <br />_ f. -Such further affidavits of SELLER, certificates of value or other __ <br />documents as may be reasonably required by BUYER'S title company in <br />order to record the SELLER'S Closing Documents and issue BUYER the <br />owner's title insurance policy required by this Agreement. <br />14. EVIDENCE OF TITLE. Within a reasonable time after execution of this <br />Agreement, SELLER shall furnish BUYER a commitment for an ALTA Owner's policy of title <br />insurance covering the Property issued by Registered Abstracters, Inc. <br />15. EXAMINATION OF TITLE. BUYER shall be allowed until the. date ten (10) <br />days after receipt of such title evidence for examination of title -and the making of any objections <br />thereto, which objections shall be in writing or they will be deemed to be waived. If any <br />objections are so made, SELLER shall be allowed until the Closing Date to make such title <br />marketable, and SELLER shall use all reasonable efforts to make such title marketable. <br />If said title is not marketable and is not so made by the date of closing, as above <br />provided, .BUYER shall have the option of: <br />a. Declaring this Agreement null and void and receiving a refund from <br />SELLER of all Earnest Money paid hereunder; or <br />b. Waiving any defects in title and proceeding to close the transaction <br />contemplated by this Agreement. <br />6 <br />_gq._ <br />